The Enforcement Division of the Securities and Exchange Commission and its Office of Compliance Inspections and Examinations are focusing their examination and disciplinary efforts on the investment adviser community.

On May 7, 2013, the U.S. Attorney's Office for the Southern District of New York unsealed extraordinary criminal charges against two registered representatives of a U.S. broker-dealer and a high-level Venezuelan government official for engaging in a "Massive International Bribery Scheme".